Punta Europa LNG Terminal

This article is part of the Global Fossil Infrastructure Tracker, a project of Global Energy Monitor.

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Punta Europa LNG Terminal, also known as Equatorial Guinea LNG or EG LNG, is an LNG terminal in Bioko Norte province, Equatorial Guinea.

Location

This map shows the location of the terminal, in Bioko Norte province, Equatorial Guinea.

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Project Details

Train 1 Project Details

• Operator: Equatorial Guinea (EG) LNG Holdings Ltd
• Owner: Equatorial Guinea (EG) LNG Holdings Ltd
• Parent: Marathon Oil (60%), Sonagas (Sociedad Nacional de Gas de Guinea Ecuatorial) (25%), Mitsui (8.5%), Marubeni Corporation (6.5%)
• Location: Punta Europa, Bioko Norte province, Equatorial Guinea
• Coordinates: 3.776, 8.7015 (exact)
• Capacity: 3.7 mtpa, 0.53 bcfd
• Status: Operating
• Type: Export
• Start Year: 2007

Train 2 Project Details

• Owner: Equatorial Guinea LNG Holdings Ltd
• Parent: Marathon Oil (60%), Sonagas (Sociedad Nacional de Gas de Guinea Ecuatorial) (25%), Mitsui (8.5%), Marubeni Corporation (6.5%)
• Location: Punta Europa, Bioko Norte province, Equatorial Guinea
• Coordinates: 3.776, 8.7015 (exact)
• Proposed Capacity: 4.4 mtpa, 0.63 bcfd
• Status: Cancelled
• Type: Export
• Start Year:

Note: mtpa = million tonnes per year; bcfd = billion cubic feet per day

Background

Train 1 Background

Punta Europa LNG Terminal is an LNG terminal on Bioko Island, in Equatorial Guinea. It consists of a single train with capacity of 3.7 million metric tons per year (mtpa), or 0.53 billion cubic feet per day (bcfd). It is owned by a joint venture of four companies, with a majority stake held by U.S. company Marathon Oil. The project was completed in May 2007, and cost $1.5 billion.

Train 2 Background

The project to build a second train at EG LNG has existed since the first train was finished in 2007. As of 2011, the plant's owners had contracted Bechtel to build the second train, which would have additional capacity of 4.4 million mtpa.

According to a January 2017 article, the push for Marathon to build a second train is coming from the government of Equatorial Guinea. Marathon counters that the reserves that it still has available on the Alba gas field aren't even fully enough for the first train, let alone enough to justify building a second. The dispute also revolves around access to additional gas blocks, which the government is currently holding for use by a separate petrochemical facility.

As of 2021, there have been no project updates in over 4 years, and the expansion is presumed to be cancelled.